2. The Foreclosure Crisis Excessive Risk Record Foreclosures Badly Devalued Collateral The “Zombie Apocalypse” Investor and Flipping Scams Massive Blight & Vacancy Record Negative Equity (See: Cleveland, Toledo, Akron)

3. The Solution A Hardest Hit Fund Program $60 Mil Initial Investment with $13 Mil Increase Demolish and Green Vacant and Blighted Properties Work Performed in Target Areas Emphasis on “Tipping Point” Neighborhoods $25k Per Property ($12k Average) OHA Takes a Mortgage in the Land

4. The Stakeholders 21 County Land Banks: Ashtabula, Belmont, Butler, Clark, Columbiana, Cuyahoga, Erie, Fairfield, Franklin, Hamilton, Jefferson, Lake, Lorain, Lucas, Mahoning, Montgomery, Portage, Richland, Stark, Summit, and Trumbull Ohio Capital Corporation for Housing (OHA, LLC) Greater Ohio Policy Center Thriving Communities Institute

5. Clean, Green, and Repurposed Land Bank Must Own the Property $1,200 Maintenance Over Three Years Collaborative Oversight and Training $6k for Restoration and Advanced Greening Gardens, Agriculture, Parks, Energy, Art, Etc. Early Disposition Side Lots, Nonprofits, Public Use, Redevelopment

6. Worst Offenders

7. Scrapping & Squatting

8. Where We Stand Today $14.5 Mil Pending or Approved 1,220 Properties, Averaging $11,900 Each All Partners to be Invoicing by End of Year 160 Dispositions Completed or In Process Average < 30 day Submission-to Payment Timeframe Second Reallocation & Analysis begins Sept 30, 2015 Within all Projections for a 2017 Sunset Date Last Invoicing Set for October 2016 (Subject to Change)

9. Progress & Status Details

10. Cuyahoga County Map

11. Thank you! Carlie J. Boos, Esq. CBoos@ohiohome.org 614.728.6720 Visit OHFA Online http://ohiohome.org/ http://myohiohome.org/